|Condition||Maximum Years||Margin of Finance||Interest rate|
|New||9 years||100%||3.4% p.a.|
|Used||9 years||100%||4.25% p.a.|
How much the bank charges you based on your loan amount & loan period
Not necessarily! This car loan is available for graduates, undergraduates, government employees and teachers alike, aged between 21 and 30. For working individuals, you need to be employed for at least one month with a minimum salary of RM2,500 per month.
Before answering that question, ask yourself how much you can afford. For a graduate loan, the bank will be able to finance up to 100% of the car's market price and give you up to nine years to pay back the loan.
Yes, you heard that right. Provided that you borrow no more than RM30,000, which would be about average, you will pay very minimal amounts during your initial years. It's a special car loan that makes it easier for you to get a car when you can least afford it.
With close to 400 branches nationwide, you'll be hard pressed to miss your repayments! But in the event that you do, there will be an 8% per year penalty on your late repayments. Failure to pay for two months straight will result in you not having a car because of repossession by the bank.
Yes. You will be entitled to a rebate on the remaining profit. It may not be a substantial amount, but it's better than nothing!
New vehicle/unregistered reconditioned:
We’ll guide you through your application for this financial product